M&A Deal Summary

Western Industries Plastic Products Acquires Anaheim Manufacturing

On August 1, 1998, Western Industries Plastic Products acquired manufacturer Anaheim Manufacturing from Cortec Group

Acquisition Highlights
  • This is Western Industries Plastic Products’ 1st transaction in the Manufacturing sector.
  • This is Western Industries Plastic Products’ 1st transaction in the United States.
  • This is Western Industries Plastic Products’ 1st transaction in California.

M&A Deal Summary
Date 1998-08-01
Target Anaheim Manufacturing
Sector Manufacturing
Buyer(s) Western Industries Plastic Products
Sellers(s) Cortec Group
Deal Type Add-on Acquisition

Target

Anaheim Manufacturing

Brea, California, United States
Anaheim is a leading manufacturer of residential garbage disposers sold to consumers through specialty retail and home improvement stores and to plumbing contractors through plumbing wholesalers for installation in new home construction, home remodeling and the professionally-installed replacement market. In 1998, Anaheim was sold to a privately-held manufacturer of household products.

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Buyer(S) 1

Buyer

Western Industries Plastic Products

Winfield, Kansas, United States
Category Company
Founded 1987
Sector Plastics
DESCRIPTION

Western Industries Plastic Products is a designer and manufacturer of large blow-molded finished products and components used by OEMs in the industrial, furniture, sports and leisure, transportation, and lawn and garden sectors. Western Industries Plastic Products was founded in 1987 and is based in Watertown, Kansas.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1

Seller(S) 1

SELLER

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.

DEAL STATS #
Overall 6 of 35
Sector (Manufacturing) 3 of 7
Type (Add-on Acquisition) 3 of 9
State (California) 1 of 2
Country (United States) 6 of 34
Year (1998) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-22 Ames Taping Tools

Duluth, Georgia, United States

Ames Taping Tools is a designer, manufacturer, rents, and sells specialized construction equipment used for taping and finishing drywall. Ames Taping Tools was founded in 1939 and is based in Duluth, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-01 Switchcraft

Chicago, Illinois, United States

Switchcraft, Inc. is a designer and manufacturer of high-performance electronic connectors, cable assemblies, and other value-added products and systems used in diverse applications in the global electronics industry.

Buy -
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